Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] Bitcoin Cooperative Proof-of-Stake - CPoS
by
hbadger
on 19/08/2014, 05:54:28 UTC
Litecoin, Dogecoin

The forks could come much earlier than January 2016

This part makes no sense. Why would you want to do that? Do you realize by 2016, those coins might not even exist anymore? Both of them have been falling in BTC price non-stop as expected from their lack of usefulness, and will probably be displaced by non-Bitcoin clones like Monero for example, which at least adds *something* new (true decentralized anonymity thanks to the use of ring signatures).

http://coinmarketcap.com/currencies/litecoin/

http://coinmarketcap.com/currencies/dogecoin/

If you don't know much about what happened in the dogecoin world you should read this:

http://www.dailydot.com/business/moolah-dogecoin-alex-green/

There's also this leaked video:

http://www.liveleak.com/view?i=e63_1404777061

About Litecoin: The tale that Scrypt made it ASIC resistant is now proven to be false. It's being mined by ASICs, and even the creator of Scrypt himself said "they used it poorly", because it was supposed to use a lot of RAM, but it didn't. So it's basically just another Bitcoin clone with nothing new, less adoption, less investment in mining gear, less security, less brain power working on it, less venture capital, less companies, less network effect, less market capitalization, less everything.